Global Drugs Of Abuse Testing Market 2024-2028
The drugs of abuse testing market is forecasted to grow by USD 1044.8 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the drugs of abuse testing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased strategic developments, long-term side-effects of drug abuse, and stringent regulatory control.
Technavio's drugs of abuse testing market is segmented as below:
- By Product
- Instruments
- Consumables
- By Geographical Landscape
- North America
- Europe
- Asia
- Rest of World (ROW)
This study identifies the growing adoption of information management solutions as one of the prime reasons driving the drugs of abuse testing market growth during the next few years. Also, growth of luxury cannabis products and growing adoption of automated diagnostic devices in healthcare will lead to sizable demand in the market.
The report on the drugs of abuse testing market covers the following areas:
- Drugs of abuse testing market sizing
- Drugs of abuse testing market forecast
- Drugs of abuse testing market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading drugs of abuse testing market vendors that include Abbott Laboratories, Bio Rad Laboratories Inc., CareHealth America Corp., Clinical Reference Laboratory Inc., Cordant Health Solutions, Danaher Corp., Dragerwerk AG and Co. KGaA, F. Hoffmann La Roche Ltd., Laboratory Corp. of America Holdings, Merck KGaA, Omega Laboratories Inc., Precision Diagnostics, Psychemedics Corp., Quest Diagnostics Inc., QuidelOrtho Corp., Randox Laboratories Ltd., Shimadzu Corp., Siemens Healthineers AG, SureHire Inc., and Thermo Fisher Scientific Inc.. Also, the drugs of abuse testing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.